S&P 500 futures traded flat as jobless claims dropped.

Markets saw light volume as investors looked ahead to the upcoming interest rate decision, with S&P 500 futures and Nasdaq-100 futures trading near the flat line. Job data showed mixed signals as Challenger Gray reported over 1 million announced cuts this year, while weekly jobless claims dropped to 191,000. Traders are pricing in a 90% probability of a rate cut next week. In the options market, short-term volume was active with a near even split between puts and calls, while Bitcoin futures took a breather after a recent rally.